In partnership with Save the Children, American
Express plans to support projects to help address the impacts of
climate change on vulnerable communities in Africa and Asia
- Company has joined the World Economic Forum’s Clean Skies for
Tomorrow Coalition and Global Future Council on Sustainable Tourism
to help promote sustainable travel practices
- Actions follow recently announced commitments to net-zero
carbon emissions by 2035 and provide at least $10 million in
philanthropic funding to advance climate solutions by 2025
During the United Nations Climate Change Conference of the
Parties (COP26), American Express (NYSE: AXP) has announced new
initiatives to build on its commitment to advance climate
solutions.
To help fight the impact of climate change on the most
vulnerable populations across Asia and Africa, the company has
partnered with Save the Children UK to develop and execute programs
that engage youth to help reduce food insecurity exacerbated by
climate change, support climate-resilient economic development and
skills training through green job opportunities, and strengthen
early warning systems to help these communities better prepare for
extreme weather events, among other initiatives. As part of these
activities, the American Express Foundation is providing a $600,000
grant to Save the Children UK to support its Adolescent Skills for
Successful Transition program to educated youth on sustainable
practices and products, and fund the development of its Green
Climate Fund pipeline to develop youth-led climate adaptation
projects.
In addition, American Express is supporting efforts to advance
the travel industry’s transition to a sustainable and low-carbon
future. The company has joined the World Economic Forum’s Clean
Skies for Tomorrow Coalition which is focused on transitioning to
sustainable aviation fuels and achieving carbon neutral air travel
across the aviation sector. American Express has joined the Forum’s
Global Future Council on Sustainable Tourism, which includes
government; business; and academic leaders, to advance innovation
on inclusive and sustainable tourism.
“Meeting the ambitious targets in the path to net-zero aviation
requires all actors in the ecosystem to take action. The role of
financial institutions, especially those such as American Express
with a broad footprint in travel, is crucial to overcoming some of
the challenges and barriers to achieving a sustainable future for
the industry,” said Lauren Uppink Calderwood, Head of Aviation,
Travel and Tourism Industries, World Economic Forum.
“As part of American Express’ commitment to advancing climate
solutions as a core pillar of our Environmental, Social, and
Governance strategy, we are focused on helping build more
climate-resilient and equitable communities,” said Madge Thomas,
Vice President of Corporate Social Responsibility at American
Express. “In our partnership with Save the Children, we plan to
co-create innovative approaches to combat the effects of climate
change in some of the most vulnerable communities in the world
through programs that empower young people and support sustainable
economic development opportunities.”
The financial support for Save the Children is part of American
Express’ commitment to provide at least $10 million in
philanthropic funding to support climate initiatives, partnerships,
and programs from 2021 through 2025. The company will become a key
seed funder for projects that Save the Children is developing for
submission to the Green Climate Fund with partner governments in
Ethiopia, Malawi, Somalia, and Sierra Leone.
“Save the Children is committed to supporting children and
communities who are on the frontline of the climate crisis. Our
partnership with American Express is expected to enable us to scale
up innovative climate solutions in communities most impacted by the
climate emergency,” said Caroline Whatley, Director of Partnerships
at Save the Children. “We look forward to working with American
Express to ensure young people can develop their own climate
resilient communities and create more sustainable pathways for the
next generation.”
American Express also announced in September that it has
committed to net-zero emissions by 2035, in alignment with the
Science Based Targets initiative (SBTi) methodology and its
ambitious objective of limiting global warming to 1.5oC, a critical
target set out by the 2015 Paris Agreement.
To learn more about American Express’ sustainability initiatives
and overall ESG strategy, visit the company’s 2020-2021 ESG
report.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: personal cards, business cards, travel services, gift
cards, prepaid cards, merchant services, Accertify, Kabbage, Resy,
corporate card, business travel, diversity and inclusion, corporate
responsibility, and Environmental, Social, and Governance
reports.
ABOUT SAVE THE CHILDREN:
Save the Children fights every single day for children’s
futures. We stand side by side with children in the toughest places
to be a child. In places where others won’t go, we’re there, giving
everything to make sure they survive, get protected, and have the
chance to learn. Every child should get to make their mark on the
world and build a better future for us all.
For more information visit www.savethechildren.org.uk
Follow us on Twitter, Facebook, Instagram and YouTube
Source: American Express Company
Location: Global
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This release includes forward-looking statements, which are
subject to risks and uncertainties. The forward-looking statements
contain words such as “expect,” “estimate,” “anticipate,” “intend,”
“plan,” “will,” “may,” “should,” “could,” “would,” “likely,” and
similar expressions. Actual results may differ from those set forth
in the forward-looking statements due to a variety of factors,
including those described in American Express’ filings with the
Securities and Exchange Commission. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. American Express
undertakes no obligation to update or revise any forward-looking
statements.
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Media: Andrew R. Johnson, Andrew.R.Johnson@aexp.com,
+1.212.640-8610 Azar Boehm, Azar.Boehm@aexp.com,
+1.212.225.4052
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